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Thread: Thursday 3.28.13

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  1. #1
    radejs is offline
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    Joined: Dec 2012 Posts: 389

    Thursday 3.28.13

    No proverb from me guys, Midas please chime in when you are up and about, I value your thought provoking daily.

    I Just read this AM yesterdays later posts and wanted to add my 2 cents.

    Marijuana is classified as a class I drug in the controlled substance act, along with heroine with NO THERAPEUTIC value by the federal govt. There is a bill in congress with 14 sponsors to change that. it may not get into or out of committe for a vote this year, but eventually a bill will in my opinion.

    Eric Holder, the Attorney General, is "about" to make a statement on how the feds will handle the states rebellion in this matter. I think 34 states allow medical marijuana use and 2 recreational (CO and WA).

    http://www.marijuana-as-medicine.org.../leg-tall.html
    http://www.thenewstribune.com/2013/0...soon-says.html

    When Holder speaks he will drive the green stocks one way or the other, I know what I am hoping he says.

    The Feds have serious money issues, and to legalize, regulate, and tax Med Mar rather than spend money fighting drug wars is looking very sensible, to the 2/3 majority of states, and to more and more congressman. I believe Obama has made statements like "we have bigger fish to fry" in reference to the States Med Mar rulings.

    Regarding the big pharm, tobacco and booze companies; if their is money to be made it is business I see them getting involved in. They can build from the ground up, or they can also buy out existing players. I see many of the current players as buyout targets as a result.

    I made a lot of dollars getting in and out of the big pops in early and mid February and I have been dip buying every 10 days or so and accumulating, quite in the red for my current position but hopefully a new pop will happen, if not I harvest some losses to offset my previous gains and overall am stil up quite a bit overall. BUT if it pops again it will be substantial. I think Holder's statement will be the key to the short term trend, accelerating the decline, or reversing it.

    GLTA

  2. #2
    midas360 is offline
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    Joined: Dec 2012 Location: Trading Pit Posts: 457
    Hey Radejs! Sorry I am late... Remember, the markets are closed tomorrow for the holiday!

    Law 3
    Conceal your Intentions
    Keep people off-balance and in the dark by never revealing the purpose behind your actions. If they have no clue what you are up to, they cannot prepare a defense. Guide them far enough down the wrong path, envelope them in enough smoke, and by the time they realize your intentions, it will be too late.

  3. #3
    Sundeeez is offline
    As the yawnfest that is SIRI continues I've been trading BBRY. Just announced earnings this AM. Huge beat on EPS, slight miss on rev. Supposedly 30% of the stock is short. Could be a massive short squeeze in the upcoming week with the upgrades that will most likely follow.

    Disclaimer: I don't have or have ever had or even entertained the thought of getting a BBRY phone.

  4. #4
    switchflare is offline
    Quote Originally Posted by Sundeeez View Post
    As the yawnfest that is SIRI continues I've been trading BBRY. Just announced earnings this AM. Huge beat on EPS, slight miss on rev. Supposedly 30% of the stock is short. Could be a massive short squeeze in the upcoming week with the upgrades that will most likely follow.

    Disclaimer: I don't have or have ever had or even entertained the thought of getting a BBRY phone.
    BBRY is a good short term trade but nothing more. Their quarter was buoyed by BB10 but it's not enough to keep them in the hunt as a major mobile player. Their eventual path is closer to NOK than AAPL.

  5. #5
    siriusly_invested is offline
    Talk about a confused market........... I started the week fearful of a pullback in some of my holdings. Sure enough, it began to look that way, so I took profits and decided to sit back and wait for the dips. Wouldn't you know however, that in my entire list of potential "buys", the trend reversed and those dips have yet to materialize. So while I wait for those choices, I went prospecting for some new culprits. Here are a few to keep an eye on imho: CADX, PMD, and ZBB............. that last one, while trading well under a buck, is listed on AMEX (as opposed to many other pennies), and has an attractive gap in the area of 38 cents which may prove to be a fortuitous entry in the near future. ZBB manufactures storage batteries for the solar industry, and with apparent budding interest in that industry (ref: FSLR which will soon rebound), it is forecast to soon take off. Consequently, I lay in wait in the gap with several bids between .34 and .38. Time will tell.

    PS. Denco, I hate to say it, but looks like the Spurs are off the hook as regards my projection yesterday about them having the opportunity to be #30 in the Heat's winning streak. Still ought to be a great game between the two on Sunday.

  6. #6
    midas360 is offline
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    Denco... what part of San Antonio do you live? I live in San Antonio too.

  7. #7
    brian65PLS is offline

    Cool Possiblities RISK

    Quote Originally Posted by siriusly_invested View Post
    Talk about a confused market........... I started the week fearful of a pullback in some of my holdings. Sure enough, it began to look that way, so I took profits and decided to sit back and wait for the dips. Wouldn't you know however, that in my entire list of potential "buys", the trend reversed and those dips have yet to materialize. So while I wait for those choices, I went prospecting for some new culprits. Here are a few to keep an eye on imho: CADX, PMD, and ZBB............. that last one, while trading well under a buck, is listed on AMEX (as opposed to many other pennies), and has an attractive gap in the area of 38 cents which may prove to be a fortuitous entry in the near future. ZBB manufactures storage batteries for the solar industry, and with apparent budding interest in that industry (ref: FSLR which will soon rebound), it is forecast to soon take off. Consequently, I lay in wait in the gap with several bids between .34 and .38. Time will tell.

    PS. Denco, I hate to say it, but looks like the Spurs are off the hook as regards my projection yesterday about them having the opportunity to be #30 in the Heat's winning streak. Still ought to be a great game between the two on Sunday.
    I just spent close to an hour examining ZBB! RISK!! Yet I decided to put in orders to buy if the gap fulls. I'm confident with my luck I'll buy as it's going down due to dilution in the number of shares. The technology is WOW the question is can they figure how to sell the technology to customers in significant quantity to make a profit? Their funding ability for the next several years is taken care of through an agreement to issue more stock AS the company determines. In other words if they can have a gross profit on goods sold it will reduce their need for dilution. I don't expect the company to be profitable for years to come.

  8. #8
    Sundeeez is offline
    Quote Originally Posted by switchflare View Post
    BBRY is a good short term trade but nothing more. Their quarter was buoyed by BB10 but it's not enough to keep them in the hunt as a major mobile player. Their eventual path is closer to NOK than AAPL.

    Well that's good cus all I do is trade. Holding is losing. Months ago my friend was boasting about his AAPL stock and it had just topped at $700. He got in around $450. I asked him when he was gona sell. Looked at me like I was nutty....".I'm holding man!" he says. We all know how that ended.

    Everything's a trade.

  9. #9
    SiriusBuzz is online now
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    Joined: May 2007 Posts: 2,463
    I wonder if we should continue the monthly share price guessing game or if no one cares? If not, lets come up with something new to play. Anyone have any ideas?
    Charles LaRocca
    SiriusBuzz Founder

  10. #10
    radejs is offline
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    Joined: Dec 2012 Posts: 389
    In my opinion, GNIN looking tasty at 1.10 right now. Do your own research and make your own decision. My opinion only
    Last edited by radejs; 03-28-2013 at 09:56 AM.

  11. Ad Fairy Senior Member

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